Brokerages Set Quality Systems Inc. (QSII) PT at $15.62

Shares of Quality Systems Inc. (NASDAQ:QSII) have been assigned an average rating of “Hold” from the eighteen brokerages that are presently covering the stock. Six investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $15.62.

A number of equities research analysts have weighed in on the company. Oppenheimer Holdings Inc. reaffirmed a “hold” rating on shares of Quality Systems in a research report on Thursday, October 27th. JPMorgan Chase & Co. lowered Quality Systems from a “neutral” rating to an “underweight” rating and reduced their price target for the stock from $13.00 to $11.00 in a research report on Friday, October 28th. Zacks Investment Research lowered Quality Systems from a “hold” rating to a “sell” rating in a research report on Wednesday, August 3rd. Jefferies Group reissued a “hold” rating and issued a $13.00 price target (down from $15.00) on shares of Quality Systems in a research report on Tuesday, August 2nd. Finally, FBR & Co reissued a “hold” rating on shares of Quality Systems in a research report on Monday, August 1st.

Several hedge funds have recently modified their holdings of QSII. BlackRock Fund Advisors increased its stake in shares of Quality Systems by 11.1% in the third quarter. BlackRock Fund Advisors now owns 3,344,084 shares of the company’s stock worth $37,855,000 after buying an additional 332,880 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Quality Systems by 2.7% in the second quarter. Dimensional Fund Advisors LP now owns 1,907,078 shares of the company’s stock worth $22,713,000 after buying an additional 50,665 shares during the last quarter. New York State Common Retirement Fund increased its stake in shares of Quality Systems by 1.7% in the third quarter. New York State Common Retirement Fund now owns 1,585,031 shares of the company’s stock worth $17,943,000 after buying an additional 26,131 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in shares of Quality Systems by 8.6% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,267,498 shares of the company’s stock worth $15,096,000 after buying an additional 100,186 shares during the last quarter. Finally, Paradigm Capital Management Inc. NY increased its stake in shares of Quality Systems by 1,699.3% in the third quarter. Paradigm Capital Management Inc. NY now owns 852,854 shares of the company’s stock worth $9,655,000 after buying an additional 805,454 shares during the last quarter. Hedge funds and other institutional investors own 65.76% of the company’s stock.

Shares of Quality Systems (NASDAQ:QSII) opened at 13.83 on Wednesday. The stock’s market capitalization is $858.76 million. The company’s 50 day moving average price is $12.25 and its 200 day moving average price is $12.34. Quality Systems has a 52-week low of $10.60 and a 52-week high of $17.50.

Quality Systems (NASDAQ:QSII) last issued its earnings results on Thursday, October 27th. The company reported $0.23 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.04. The business earned $127.20 million during the quarter, compared to analyst estimates of $124.85 million. Quality Systems had a positive return on equity of 15.11% and a negative net margin of 1.15%. Quality Systems’s revenue was up 1.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.21 EPS. On average, equities research analysts anticipate that Quality Systems will post $0.78 EPS for the current year.

About Quality Systems

Quality Systems, Inc (QSI) primarily, through its NextGen Healthcare subsidiary, provides technology-based solutions and services to the ambulatory care market in the United States. The Company is engaged in developing and marketing software and services that automate certain aspects of practice management (PM) and electronic health records (EHR) for medical and dental practices.